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2 votes

Can you borrow foreign currency from local banks?

Hungary here. It was very common to get loans in either CHF, EUR or JPY, as these currencies had a much-much lower interest rate as HUF. To see how much: EUR morgages had an interest rate of around 4-...
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4 votes

Can you borrow foreign currency from local banks?

Yes, but with caveats Banks can do that and do that. It's far more common for commercial loans than for household consumption or housing loans. The financing rate will be different, both because the ...
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8 votes

Can you borrow foreign currency from local banks?

Bulgaria here: Banks widely offer loans in BGN (the local currency), as well as in EUR and USD. The interest rates for EUR and USD are somewhat lower than those for BGN. The difference used to be ...
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19 votes

Can you borrow foreign currency from local banks?

It depends on the country-- there is no general answer. In some countries, it is common for loans to be available in the local currency or in some other currency. In others it is not. In Canada ...
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